Tekkcorp Capital President and CEO Matt Davey believes that the gambling industry is headed in the right direction after the disruptions of the last twelve months. He sat down with Calvinayre.com lead reporter Becky Liggero Fontana to share his thoughts on the industry. 

While the industry has experienced some downturn in the face of COVID-19, Davey can see the light at the end of the tunnel for investors:

“From a pure investing perspective with interest rates incredibly low, institutional investors are looking for where they can get growth and so they’re prepared to pay a high multiple for today’s business on the basis that it’s going to grow rapidly. I think with online gaming and sports betting you actually have that environment.”

Davey speaks from a depth of knowledge and wisdom. “We’ve been in the market invest in capital for the last two years or so and we’ve looked at both private deals and public deals,” he said. “When it comes to doing significant deals, typically we’ve looked for partners to execute those deals and organizing both the sale and negotiating a great agreement with the vendor and then negotiating the capital requires two sets of negotiations,” he said.